Month: April 2020

By now, most publicly traded companies have suffered at least sizable losses due to the novel coronavirus pandemic. However, few companies have been devastated like Alcoa (NYSE:AA). An aluminum and industrial metals specialist, the company gleamed during past economic paradigms. But as societies shifted their priorities toward digital innovations, Alcoa stock lost its luster. Source:
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Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City (PRTY),
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A pronounced economic slump sparked by the coronavirus outbreak has imperiled a popular investment strategy: buying dividend stocks. These stocks have traditionally been highly coveted during periods of market turbulence because they provide shareholders a dividend or a guaranteed return, typically paid out annually out of the company’s profits or reserves. That investment approach is
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As the number of coronavirus cases continues to rise globally, the airlines industry is among the worst-hit sectors. From its  52-week highs, United Airlines Holdings (NASDAQ:UAL) stock plunged by nearly 70%. After the announcement of the stimulus package and a bailout for airline companies, UAL stock rebounded sharply. Source: NextNewMedia / Shutterstock.com However, I still
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Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It
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Even prior to the unprecedented environment that we’re in, Under Armour (NYSE:UA, NYSE:UAA) represented a tough case against industry leaders Nike (NYSE:NKE) and Adidas (OTCMKTS:ADDYY). However, the combination of Under Armour’s baggage, along with the sharply deflated consumer market makes for an almost untenable argument for UA stock. Source: AuKirk / Shutterstock.com Primarily, I’m referring
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